Nemekhbayar Luuzan, Lead Information Security Officer at AND Global

Despite technological advancements, incidents of cyber crimes are on the rise globally, including in Singapore. Cybercriminals use sophisticated tactics to steal confidential information, resulting in billions of dollars in annual financial losses. According to the Singapore Police Force, the number of scam and cybercrime cases in Singapore rose 49.6 per cent to 50,376 in 2023 from 33,669 in 2022.